ESPRE Solutions, Inc. Signs Letter of Intent to Acquire Modular Computing Systems, Inc. in a Move to Deploy a Managed End-to-End Video-On-Demand System.PLANO, Texas Plano (IPA: /ˈpleɪnoʊ/) is a wealthy suburb of Dallas, Texas, located to the north, mainly within Collin County, but also extending into Denton County. According to the 2000 U.S. -- ESPRE Solutions (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). Pink Sheets:EPRS EPRS Egyptian Periodontal Restorative Society EPRS Employment Preparation for Retail Services EPRS Electronic Purchase Request System EPRS Emergency Pipeline Repair Systems EPRS Electronic Prepaid Recharge Services ): --Acquisition provides ESPRE Solutions anticipated revenues in excess of $4 million with net profits of approximately 20% and MCS' successful track record of providing IP computing technologies for the telecommunications sector ESPRE Solutions (OTC Pink Sheets:EPRS), a Dallas-based technology company, specializing in media collaboration solutions powered by a revolutionary and patented video compression Encoding digital video to take up less storage space and transmission bandwidth. See video codec and data compression. video compression - Compression of sequences of images. technology, today announced that it has signed a Letter of Intent to acquire Modular Computing Systems, a provider of unique telecommunication computing platforms for high reliability systems that are NEBS certified. "Over the past five years, Modular Computing Systems (MCS) has developed computing, firmware and software products that fill a demand for packet-based technologies in telecom. By leveraging MCS' expertise in custom Sun-based solutions, MCS is addressing a market need that many of our current telecom customers are requesting. ESPRE Solutions' CODEC has allowed MCS to create a managed end-to-end VOD See video-on-demand. VoD - video on demand solution that can be deployed in the emerging IP TV market," states Ken Bergstrom, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Dallas-based MCS. As a licensee of ESPRE Solutions' video CODEC (1) A hardware circuit that converts analog video (NTSC, PAL, SECAM) into digital code and vice versa. The term may refer to only the A/D and D/A conversion, or it may include the compression technique for further reducing the signal (definition #2 below). See codec. , MCS is developing an end-to-end VOD solution that leverages their expertise with telecom solutions and applying that expertise to address the complexity of delivering TV-quality VOD over a non-managed network like the Internet. By combining world-class compression, advanced server management controls with redundancy built-in at both the server and application level, MCS can deliver broadcast quality video streams over the Internet at under 1 MB per stream and deliver it to in-home television viewers. ESPRE Solutions' CEO, Pete Ianace states, "We are very excited about the planned merger as it will allow ESPRE to accelerate its business plan. This move will add profitable revenues, an existing telecom customer base and a managed end-to-end VOD solution to round out our existing multimedia suite. Immediately, following the consummation of the merger, ESPRE plans to focus additional resources on MCS' existing product line and expects to more than double those revenues in the next twelve months." About Modular Computing Systems, Inc.: Carrollton, Texas-based Modular Computing Systems is a privately owned company that develops telecom computing solutions with expertise in design and project management related to bringing chip, board-level and system-level products to the telecom market. MCS is a Sun Microsystems, Inc. Authorized OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and Development Partner and designs multiple platforms that are NEBS certified. To learn more about Modular Computing Systems and it's products, please visit www.modularcomputing.com. About ESPRE Solutions, Inc.: Plano, Texas-based ESPRE Solutions is a public company (OTC Pink Sheets:EPRS) and groundbreaking media collaboration solutions provider that fulfills the promise of TV-quality streaming video over the Internet--even at dial-up speeds as low as 28Kbps. ESPRE Solutions intends to be the video applications provider of choice for Internet Service Providers Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. , Fortune 1000 corporations, and institutions worldwide, adding both narrowband and broadband video to traditional voice and data applications. ESPRE Solutions' eView product suite provides an integrated solution for business and personal communications. To learn more about ESPRE Solutions, or to experience the company's pioneering eView technology, visit www.espresolutions.com. SAFE HARBOR Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Forward-looking statements made in this release are made pursuant to the "safe harbor" provision of the Private Securities Reform Act of 1995. Forward-looking statements made by ESPRE Solutions, Inc. are not a guarantee of future performance. |
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